Category: Investor’s Corner

Almaden Minerals Ltd. announces that, further to its news releases dated October 21, 2014, December 15, 2014 and March 2, 2015, the Company has filed its Notice of Annual General and Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almaden’s early stage exploration projects, royalty interests and certain other assets, into a new public company to be called Almadex Minerals Limited.

Fred Stanford, President and CEO of Torex said: “With construction at 60% complete at the end of April and with mining ahead of schedule with 700,000 tonnes in stock pile, we are well on track for our first gold pour by the end of this year. A total of 1,200 direct construction workers are currently at the main processing plant site and approximately 3,000 workers are involved in the project site as a whole…

MAG Silver Corp. announces the Company’s unaudited financial results for the three months ended March 31, 2015. For complete details of the first quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

“Production and costs during the first quarter were a marked improvement from the fourth quarter of 2014,” stated Brendan Cahill, President and Chief Executive Officer. “We continue to identify further opportunities to reduce costs, particularly on electrical and maintenance at the mine and on corporate G&A. Our primary focus right now is on the planning and implementation of the long-term optimization plan for Platosa, with a preliminary economic assessment on the plan scheduled to be released during this quarter.”

BIG NORTH GRAPHITE CORP. is pleased to announce that it intends to complete a non-brokered private placement of up to 7,000,000 units at a price of $0.07 per Unit, for gross proceeds of up to $490,000. Each Unit will consist of one common share and one half common share purchase warrant. Each full Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.10 for a period of 24 months following the closing of the Offering.

Mark Brennan, President and CEO of Sierra Metals, commented: “The Company’s exceptional production and low production costs helped mitigate a downturn in metal prices during the first quarter. We were still able to achieve strong revenues and operating cash flows to further strengthen our balance sheet and financial outlook. The continued production growth at our three operating mines provides Sierra with a strong outlook for the remainder of 2015.”…

J. Scott Drever, Chief Executive Officer, stated; “We are pleased with the strong start to 2015. Santa Elena’s record AgEq production delivered solid Q1, 2015 financial results, generating cash flow from operations of $7.3 million and net earnings of $2.5 million. We are confident in Santa Elena’s ability to continue to generate positive cash flows during 2015, notwithstanding the lower precious metals price environment…

Gold Resource Corporation today announced the resignation of Mr. Joe Rodriguez, the Company’s Chief Financial Officer. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $103 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Arian Silver Corporation a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, announces that that all the resolutions proposed at the Company’s Annual General Meeting, which was held earlier today, were duly passed.

“The first quarter provided a solid operating start to the year,” said President and CEO, Darren Blasutti . “We made a decision to place the El Cajón Project on care and maintenance and began the process of fast-tracking the high grade zinc-lead-silver San Rafael project. We maintained productivity at both our operating mines and reduced the workforce at the Cosalá Operations to achieve sustainable cost savings…